Steigerwald Gordon & Koch Inc. Sells 1,716 Shares of Adobe Inc. $ADBE

Steigerwald Gordon & Koch Inc. reduced its position in Adobe Inc. (NASDAQ:ADBE) by 4.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,067 shares of the software company’s stock after selling 1,716 shares during the period. Steigerwald Gordon & Koch Inc.’s holdings in Adobe were worth $14,134,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Riverbend Wealth Management LLC lifted its holdings in shares of Adobe by 1.8% during the third quarter. Riverbend Wealth Management LLC now owns 1,668 shares of the software company’s stock valued at $588,000 after purchasing an additional 29 shares in the last quarter. FSM Wealth Advisors LLC raised its position in Adobe by 1.1% in the 2nd quarter. FSM Wealth Advisors LLC now owns 2,644 shares of the software company’s stock worth $997,000 after buying an additional 30 shares during the last quarter. Intellus Advisors LLC lifted its stake in Adobe by 1.6% during the 2nd quarter. Intellus Advisors LLC now owns 1,860 shares of the software company’s stock valued at $720,000 after acquiring an additional 30 shares during the period. Capital Advisory Group Advisory Services LLC boosted its holdings in shares of Adobe by 2.2% during the 2nd quarter. Capital Advisory Group Advisory Services LLC now owns 1,442 shares of the software company’s stock valued at $558,000 after acquiring an additional 31 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC raised its holdings in shares of Adobe by 44.9% during the second quarter. Barnes Dennig Private Wealth Management LLC now owns 100 shares of the software company’s stock valued at $39,000 after purchasing an additional 31 shares during the last quarter. Institutional investors own 81.79% of the company’s stock.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Multi‑year partnership with Runway expands Firefly video and generative‑AI capabilities — strengthens Adobe’s AI moat and product roadmap, which supports revenue and subscription growth potential. Adobe (ADBE) Partners With Runway to Expand Firefly AI Video Tools
• Positive Sentiment: CES coverage highlights Adobe’s personalization strategy and multi‑model AI integrations (Runway, 11 Labs) — signals product differentiation and go‑to‑market emphasis on AI features that drive enterprise renewals and Creative Cloud adoption. Smarter, Not Louder: Adobe’s Vision for Personalization at CES 2026
• Positive Sentiment: Adobe Analytics reports U.S. online holiday spending set a record — reinforces demand for Adobe’s data and insights business (used by retailers and advertisers), a potential revenue driver for Experience Cloud products. US online holiday spending hits record levels despite slower growth, Adobe says
• Positive Sentiment: Recent quarterly results showed an EPS beat and FY‑2026 guidance range, supporting valuation re‑rating if growth and margins stay on track (earnings strength is a near‑term fundamental tailwind).
• Neutral Sentiment: Industry and competitor analyses are prompting investors to re‑evaluate Adobe vs. peers — useful for longer‑term positioning but not an immediate stock mover. Analyzing Adobe In Comparison To Competitors In Software Industry
• Neutral Sentiment: Several buy/sell opinion pieces (Forbes, Motley Fool, Zacks) are circulating — these can affect retail flows but reflect differing views on valuation and turnaround prospects. Buy Or Sell Adobe Stock?
• Negative Sentiment: Some commentary frames Adobe as “beaten down” after a ~20% 2025 decline and argues the stock still faces an uphill recovery — this narrative can cap near‑term upside and pressure sentiment. 2 Beaten Down Tech Stocks Primed for a 2026 Rebound
• Negative Sentiment: Critical deep‑value pieces argue Adobe “cannot catch a break,” highlighting valuation and execution concerns that could weigh on institutional sentiment if new product monetization slows. Adobe Cannot Catch A Break – Deep-Value AI Thesis

Adobe Trading Up 0.3%

Shares of NASDAQ:ADBE opened at $339.04 on Friday. The stock has a 50 day moving average of $337.28 and a 200 day moving average of $350.48. The company has a market cap of $141.92 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 1.33 and a beta of 1.53. Adobe Inc. has a 12-month low of $311.58 and a 12-month high of $465.70. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, beating the consensus estimate of $5.40 by $0.10. The business had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.81 earnings per share. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. As a group, equities research analysts expect that Adobe Inc. will post 16.65 EPS for the current year.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the sale, the chief accounting officer owned 3,426 shares in the company, valued at approximately $1,157,576.88. This represents a 4.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ADBE shares. Weiss Ratings restated a “hold (c-)” rating on shares of Adobe in a report on Monday, December 29th. UBS Group set a $487.00 price objective on Adobe in a report on Sunday, December 14th. Jefferies Financial Group downgraded Adobe from a “buy” rating to a “hold” rating and lowered their target price for the company from $500.00 to $400.00 in a report on Monday. Wall Street Zen upgraded shares of Adobe from a “hold” rating to a “buy” rating in a research note on Monday, December 22nd. Finally, Mizuho dropped their price objective on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $411.88.

Adobe Profile

Adobe Inc, founded in 1982 by John Warnock and Charles Geschke and headquartered in San Jose, California, is a global software company that develops tools and services for creative professionals, marketers and enterprises. Under the leadership of CEO Shantanu Narayen, who has led the company since 2007, Adobe has evolved from a provider of desktop publishing tools into a cloud-centric provider of digital media and digital experience solutions.

The company’s core offerings are organized around digital media and digital experience.